

Episode 4647: The Deciding Moment For America; "We Will Rebuild Japan"
Jul 21, 2025
In this engaging discussion, Mike Flynn, a retired U.S. Army lieutenant general and former National Security Advisor, joins economist Jim Rickards and political commentator Ben Harnwell. They dive into the Federal Reserve's accountability and question its role amid inflation. The trio also analyzes Japan's political landscape, spotlighting rising populism and its implications. They discuss urgent national security accountability, including potential military trials for previous officials, and underscore the importance of transparency in governance and market dynamics.
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Questioning Federal Reserve Success
- The Federal Reserve's success and mission effectiveness must be critically examined given recent economic outcomes. - Inflation fears tied to tariffs have not materialized substantially, questioning Fed's prevailing mindset.
Fed's Role in Money Creation
- The Federal Reserve does not control money creation; commercial banks do by lending money. - The Fed's large excess reserves mean it sets rates for a market that technically no longer exists.
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